Guyana–Venezuela relations Guyana – Venezuela relations include diplomatic, economic and other interactions between the neighboring countries of the Co-operative Republic of Guyana and the Bolivarian Republic of Venezuela .Border dispute Venezuela claimed more than half of the territory of the British colony of Guyana at the time of the Latin American wars of independence , a dispute that was settled by arbitration in 1899 after the Venezuela Crisis of 1895 . In 1962 Venezuela declared that it would no longer abide by the arbitration decision, which ceded mineral-rich territory in the Orinoco basin to Guyana. The disputed area is called Guayana Esequiba by Venezuela. A border commission was set up in 1966 with representatives from Guyana, Venezuela and the United Kingdom , but failed to reach agreement. Venezuela vetoed Guyana's bid to become a member of the Organization of American States in 1967. In 1969 Venezuela backed an abortive uprising in the disputed area. Under intense diplomatic pressure, Venezuela agreed in 1970 to a 12-year moratorium on the dispute with the Protocol of Port-of-Spain . In 1981, Venezuela refused to renew the protocol. However, with changes to the governments of both countries relations improved, to the extent that Venezuela sponsored Guyana's 1990 bid for OAS membership. In 2013 the Venezuelan navy seized an oil exploration vessel operating in disputed waters claimed as Exclusive Economic Zones by both Venezuela and Guyana.
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